Sui Crypto Rally Hits Overbought Extremes Amid Soaring DeFi Fees

The Sui cryptocurrency market has reached overbought extremes as DeFi fees surge by an astonishing 913% weekly, according to data from Bitget. As of August 22, 2026, SUI trades at $0.85, with the daily RSI reading a strongly overbought 75.79. The tension between exhaustion and continuation makes the next few sessions critical.

The hourly chart remains constructively bullish, but momentum is fading. Meanwhile, DeFi protocol fees across Momentum, Cetus, Bluefin, DeepBook, and Turbos have skyrocketed, with Turbos posting a mind-boggling 913.09% weekly increase. This surge in on-chain activity justifies the price move, despite the broader market's pullback.

However, caution is advised due to the technical stretch on the daily chart. The Fear & Greed Index reads 71, firmly in Greed territory, which tends to support risk-taking but also raises the odds of a sharp shakeout if momentum stalls.